Economy, asked by rajkumar96, 10 months ago

define marginal opportunity cost along PPC​

Answers

Answered by Invincible1234
11

Marginal opportunity cost is the rate at which production of one good is to be sacrified in order to attain the production of another good. As we move along a PPC, MOC (marginal opportunity cost) tends to increase because resources are use specific, when resources are shifted from use 1 to use 2, loss of output from good 1 will always be more than gain of output from good 2.

Answered by ItzRisingStar
4

Answer:

Marginal opportunity cost is the cost that is analysed on the basis of the additional units of the product of the cost of a business.

Explanation:

The PPC means the production possibility frontier is a curve that shows the production of the two goods and the comparison to the other good and services.

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